Good morning.
We better get a bullish number from the USDA on the 12th. With the rally coming from bad southern hemisphere weather, dollar traders and a market that was generally leaning to the downside we have some air underneath us that could be turbulent.
With the rebalancing and crop report hanging overhead, it has made for a VERY volatile trade. Volatility is up in corn options and the grain room has pretty much trumped the outside influences.
Today, corn is slightly better, soybeans slightly easier and wheat is easier as well. Oil has backed off yesterday's rally by a tad and the dollar is stronger.
I have begun to 'tweet' as a new year resolution. You can follow me on @soapboxscott if you care to get some daily updates.
How are we gonna feed the bull today....
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